This just about gave me an ulcer:
Senate Republicans, struggling to make more room for President Bush’s cherished tax cut plan in their annual budget, yesterday settled on an unusual and controversial solution: raise taxes elsewhere.
Under White House pressure to include at least a bare-bones version of Bush’s bid to eliminate the tax on corporate dividends, Finance Committee Chairman Charles E. Grassley (Iowa) and fellow committee Republicans broke from their no-new-taxes orthodoxy to propose tax increases on Americans living abroad, companies sheltering income overseas and others. All told, committee members approved more than 30 tax increases or other revenue raisers to help fund their tax cuts in other areas, including dividends.
Is it really this hard, guys? Although I am in favor of getting rid of tax shelters, there are other ways to balance the budget (not that you are really trying). All together now:
CUT SPENDING
CUT SPENDING
CUT SPENDING
CUT SPENDING
CUT SPENDING
CUT SPENDING
Dodd
There’s US$22 billion in pork in this year’s budget that could be trimmed quite easily.
the talking dog
Cut spending? What the hell kind of answer is that?
We live in amazing times, when its the Democrats who appear to be the party of “fiscal responsibility”.
Barney Gumble
I know, I’ve been hearing about the deficit my entire adult life, and now the Republicans have dropped it faster than a toddler drops a broken toy. What gives?